Browsing Tag
indian economy
382 posts
India’s Overall Economic Activity remains Strong despite Third Wave: RBI Bulletin
Besides, the RBI said that manufacturing and several categories of services remain in expansion mode.
India’s foreign exchange reserves down $2.71 bn
India's forex reserves comprise foreign currency assets (FCAs), gold reserves, SDRs, and the country's reserve position with the IMF.
Economy healing but still digging out of deep economic contraction: RBI
"The time is right for setting India on a new trajectory of sustainable and inclusive growth. After all, October marks the ending and beginning of things, a symphony of permanence and change."
India aims to be advanced but not at environment’s cost: Hardeep Singh Puri
India was the seventh most-affected country by climate change in 2019, with most of the impact being felt by its cities.
India’s Economy is expected to grow by 8.3 per cent this Fiscal Year: World Bank
"The Production-Linked Incentives scheme to boost manufacturing, and a planned increase in public investment, should support domestic demand," it said.
Petroleum taxes to take govt’s excise collections to historic high levels in FY22
The FY21 excise revenue of the Centre is at the highest level so far. Sharp increase in duty on petrol and diesel in FY21 is the main reason why excise revenue has been on an upswing.
Afghanistan Unrest may cause Rs 2 Billion hit to India’s Medical Tourism
For the Afghans, India is a cheap healthcare destination where hospitals offer quality treatment at reasonable rates.
Indian Economy to see ‘Substantial Slack’ in FY22 despite Growth: RBI
"Even with a 9.5 per cent GDP growth in 2021-22, there will be substantial slack in the economy and demand pressures may take some more time to become evident," it said.
Pick up in economic activity may turn India’s current account back to deficit in FY22
The healthy growth in exports during the April-June quarter notwithstanding, the country’s current account deficit could see a…
World Bank forecasts India’s FY22 GDP growth drastically to 8.3%
The report said that reflecting the "rebounds in some major economies," the global growth in 2021at 5.6 per cent "is expected to reach its strongest post-recession pace in 80 years."
Indian Economy Back to Square One, Crisil cuts Growth Forecast
New Delhi, June 7 : With the second wave of the Covid-19 pandemic crippling economic activities across the…
Impact & Duration of Covid2.0 Biggest Risks to Growth Estimates: RBI
The report said: "The pandemic itself, especially the impact and duration of the second wave, is the biggest risk to this outlook."
Bangladesh economy better than India’s: Congress MP Gaurav Gogoi
Gogoi, son of former Assam Chief Minister and veteran Congress leader late Tarun Gogoi, said that Modi and his government used CBI, ED, NIA, Income Tax Department against the critics.
RBI remains ‘steadfast’ to take necessary steps to support economy: Guv
The RBI Governor's statement gains significance as the Indian stock market has surged amid the pandemic and scaled new highs in the past one month, raising concerns of stretched valuations.
India’s economy shrank 9.6% in 2020-21: World Bank
Looking ahead, the report said that India’s recovery would be constrained by the weak financial sector.
India’s Apr-Nov fiscal deficit at over 135% of budgeted target
“Higher fiscal deficit is primarily originating from lower receipts. Ind-Ra expects FY21 central government fiscal deficit to come in at 7 per cent of GDP.”
India’s Q2FY21 current account surplus narrows down sequentially
“Net foreign portfolio investment was $7 billion as compared with $2.5 billion in Q2 of 2019-20, largely reflecting net purchases in the equity market.”
Decoding recovery path of the Indian economy
The year 2020 may not have belonged to India, but the future certainly belongs to this nation for its resilience, faith, and sheer optimism.
‘Economic recovery from next year itself’, says FM Nirmala Sitharaman
India can see a proper recovery next year on the back of positivity and confidence due to Covid-19 vaccines, Union finance minister Nirmala Sitharaman said on Friday, arguing that steady growth and capacity expansion in the past two months had pulled the economy out of its pandemic trough.
Economy to grow only 0.3% in 2 years as India enters first technical recession
Due to a weaker-than-expected 2QFY21, we revise down our 3QFY21 and 4QFY21 growth forecasts.
India enters recession: GDP drops by 7.5% in July-September quarter
The National Statistical Office (NSO) data on Friday showed that the Q2FY21 GDP on a year-on-year basis contracted by (-) 7.5 per cent from (-) 23.9 per cent in the preceding quarter.
Proposal to allow corporate houses to set up banks a ‘bombshell’: Rajan, Acharya
They also said that the proposal is "best left on the shelf".
Moody’s revises India’s FY21 GDP contraction to (-)10.6%
Under the scheme, manufacturers in key sectors will receive incentives in the form of direct payments over five years.
India’s Q2FY21 GDP contraction expected at (-)9.5%: ICRA
New Delhi: As the economy recovers from the lows of pandemic-induced lockdown, the year-on-year contraction in India’s GDP…
Indian economy may be recovering faster than anticipated: Oxford Economics
Moody's Investors Service has also revised upwards its GDP forecast for India to (-) 8.9 per cent contraction in the 2020 calendar year
‘Turned India’s strength into weakness’: Rahul Gandhi attacks PM Modi over RBI report on recession
The Indian economy likely entered into a technical recession for the first time in history at the end of the first half of 2020-21, according to the Reserve Bank of India.
Next quarters may see negative growth too, recession on: Chidambaram
The Congress leader alleged that as far as the formal economy is concerned, the government has done nothing to bring back the jobs that were lost or to create new jobs.
Centre Should Issue White Paper About Impact Of Demonetisation On Economy: Ashok Gehlot
His comments come on the day the Congress is observing fourth anniversary of note ban as a 'Vikshwasghaat Diwas'
Demonetisation “Destroyed” Economy, Helped Few Crony Capitalists: Rahul Gandhi
On November 8, 2016, Prime Minister Modi announced the decision to ban all currency notes of higher denomination of ₹ 500 and ₹ 1,000 from midnight.
Economy not circus lion that responds to ringmaster’s stick: Chidambaram
Chidambaram said the economy was largely determined by the market, by the laws of demand and supply, and by the purchasing power and the sentiments of the people, which are missing currently
“How To Destroy An Economy”: Rahul Gandhi’s Latest Swipe At Government
Kaushik Basu, who served as Chief Economic Adviser to the Finance Ministry, tweeted a warning to the centre: "Don't be in data denial... take corrective action..."
Unemployment Rate In Bihar Lesser Than Delhi: CMIE
Patna: While the political temperature in Bihar is high on the issue of unemployment, the Centre for Monitoring…
India’s Forex Reserves Decline By Over $3 Billion
Mumbai: India’s foreign exchange reserves plunged by $3.017 billion during the week ended September 25. According to the…
India’s Apr-Aug fiscal deficit at over 109% of budgetary target
The Central government's total expenditure stood at Rs 12.47 lakh crore (41 per cent of BE) while total receipts were Rs 3.77 lakh crore (16.8 per cent of BE).
Column: Helping Indian SMEs to achieve scale – Behind Infra Lines
As the Indian economy deals with the economic impact of the Corona induced slowdown, an opportunity to make…
Rahul Gandhi attacks Modi govt over Covid-19 management, GDP decline, job losses
The Congress has been attacking the Prime Minister and his government for “failing to control” the spread of the coronavirus disease, with India surpassing Brazil to record the second-highest number of Covid-19 cases in the world
August inflation numbers could be 7% or above: SBI Ecowrap
New Delhi, Sep 10 : August inflation numbers are expected to be elevated at around 7 per cent…
India’s GDP contraction should alarm everyone: Raghuram Rajan
New Delhi, Sep 7 : A week after India reported a significant contraction in its GDP during the…
Increase infra spending to revive economy: P Chidambaram
P Chidambaram has advised the government to increase spending in infrastructure to revive the Indian economy, as the GDP has contracted by 23.9 per cent in the first quarter of the 2020-21 fiscal
Faulty GST destroyed informal economy, says Rahul Gandhi
Keeping up his attack on Centre, Rahul Gandhi slammed Modi govt on GST, alleging that it was second big blow to unorganised sector of economy and that its faulty implementation destroyed economy
Business can open up a lot of opportunities for the automobile industry: Piyush Goyal
Cooperation, collaboration, and commitment- Minister asks ACMA to follow them for growth and being competitive;
GDP numbers exposed Modi govt’s fake narrative: P Chidambaram
Former Finance Minister P Chidambaram said it will take many months before the economy turns the corner and registers positive growth.
Three Things Destroyed Economy, Says Rahul Gandhi, Promises Video Explainer
The first video will be out at 10am on Monday on all his social media channels, Rahul Gandhi wrote to his 15.8 million followers on Twitter.
Demonetisation, GST and failed lockdown ruined the country’s economy: Rahul Gandhi on FM’s ‘Act Of God’ remark
In a sharp counter to Sitharaman's assertion, Rahul Gandhi in a tweet listed three actions by the Modi government that he said has "destroyed" the economy.
Govt needs to spend more, not lend more: Rahul Gandhi
"Give money to the poor, not tax cuts to industrialists. Restart economy by consumption," the former Congress chief tweeted
‘India’s economy faces increased risk of stagflation’
“Clearly, the risks of a stagflationary environment has increased in the case of India and may be a socio-economic challenge, if not addressed early.”
Unemployment biggest worry after Covid for urban Indians: Survey
New Delhi, Aug 6 : As the ongoing pandemic hits the Indian economy hard and the employment scenario…
Real GDP growth to remain negative in H1, full fiscal: RBI Gov Shaktikanta Das
RBI MPC meet: More protracted spread of the pandemic, deviations from the forecast of a normal monsoon, and global financial market volatility are the key downside risks, said Das
We’ve to recognise workers in informal sector: Muhammad Yunus tells Rahul Gandhi
"Women are the remotest of all. Looking at the structure, this is the lowest in the structure. They have no voice, nothing in the society; traditions make them completely separate. They are the basic strength of the society."
Profit booking, global cues depress equity markets; metal stocks fall
“Reliance Industries stock performance boosted the benchmark indices and helped limit further losses, while financials led the losses.”
Market geared up to aid India achieve $5tn economy mark: SEBI Chairman
Terming the segment as critical, he pointed that some initiatives in this regard have been taken, however, more reforms are required.
V-shaped recovery unlikely for Indian economy: Survey
The package focussed broadly on saving lives and on undertaking deep structural reforms, the report said.
Economy showing signs of getting back to normalcy: RBI Governor Shaktikanta Das
"Indian economy has started showing signs of going back to normalcy after easing of restrictions," Governor Das said at the 7th SBI Banking and Economics Conclave.
4 Suicides in 48 hours shock Maharashtra
Mumbai/Nagpur, June 28 Four alleged suicides and three cases of suicide attempts by different families in Nagpur and…
Middle class will be the new poor if govt doesn’t inject cash in economy: Rahul Gandhi
New Delhi, June 13 : Former Congress President Rahul Gandhi on Saturday said if the government does not…
Are IIP numbers locked away in a safe, asks P Chidambaram
"Will the government lock up the IIP numbers in a safe vault to be opened only after 20 years? questioned the former finance minister.
Move from ‘command and control’ to ‘plug and play’ mode: PM Modi
Asking the industry to move ahead and invest more to achieve growth, he assured them of government''s commitment to support businesses and corporates.
Reliance Industries shares hit fresh high with another investment in Jio
Earlier in the day, RIL shares hit a new high of Rs 1,624 per share. However, they have trimmed major gains made initially.
Coronavirus impact on industry: Rahul Gandhi to interact with Rajiv Bajaj on Thursday
Bajaj said, "I am not seeing a smooth, concerted, rhythmic move towards unlocking of the supply chain"
Draconian measures flattened economy not virus: Congress
Rajiv Bajaj, in a dialogue with Rahul Gandhi said, "We tried to implement a harsh lockdown which was still porous. So I think we have ended up with the worst of both worlds. On one hand a porous lockdown makes sure that the virus will still exist and as you said, it is still waiting to hit you when you will unlock."
Will initiate more reforms to get growth back: PM
Speaking about the Aatmanirbhar Bharat economic package, he said that it would work as growth fuel for the MSME sector.
Moody’s has rated Modi’s handling of India’s economy step above junk: Rahul
It also downgraded India''s local-currency senior unsecured rating to Baa3 from Baa2, and its short-term local-currency rating to P-3 from P-2.
Govt must tell forward plan to the country: Congress
Applicable from Monday, June 1, the fresh order issued by the Ministry of Home Affairs (MHA) spoke of the expanded fresh guidelines a day ahead of the end of lockdown 4.0.
Freefall: Slowdown, pandemic pulls India’s FY20 GDP growth rate to 11 yr low
New Delhi, May 29 : The general economic slowdown, along with the impact of the global Covid-19 pandemic,…
Government has no choice, must listen to wise counsel: Chidambaram
The Congress has been demanding cash transfer directly to the people's account to the tune of Rs 65,000 crore.
India’s GDP likely to contract 5% in FY 2020-21: Crisil
"We estimate the fiscal cost of this package at 1.2 per cent of GDP, which is lower than what we had assumed in our earlier estimate (when we foresaw a growth in GDP)," it said.
Chidambaram slams govt, asks why RBI is infusing liquidity
Slamming the Rashtiya Swayamsewak Sangh (RSS), Chidambaram said, "RSS should be ashamed of how the government has dragged the economy into negative growth territory."
Economic damage for India from lockdown to be significant: Moody’s
Moody's estimates that economy is also expected to recover somewhat more strongly in fiscal 2021-22 relative to an earlier forecast of 6.6% growth.
Bharatiya Mazdoor Sangh ‘strongly opposes’ FM’s plans on privatisation
It also flayed the proposals to increase in Foreign Direct Investment in defence production from 49 to 74 per cent as well as privatisation of Ordnance Factory Board.
15 measures to revive economy, big takeaways for MSMEs, NBFCs
The government has also extended the date of assessments getting barred on September 30, 2020 to December 31, 2020 and those getting barred on March 31, 2021 to September 30, 2021.
Necessary steps, but doubts over implementation, effectiveness: Economists
He noted that some measure will be "quite effective" while others such as the Rs 50,000 crore "Fund of Funds" for MSMEs may not yield the intended results.
UN slashes India”s growth rate to 1.2% for 2020-21
The UN projection for the current fiscal year is less than the 1.9 per cent made by the International Monetary Fund (IMF) last month.
India will see ”V-shaped” economic recovery, big reforms coming: CEA
The CEA said the industry had to hire local workers even at higher costs and invest in safety and skills of the migrant workers. He said the government was trying to help the migrant workers by introducing a national ration card.
Markets open on a positive note on Wednesday
Mumbai, April 22 The 30-scrip Sensitive Index (Sensex) on Wednesday opened on a positive note during the morning…
Can we turn this disaster into an opportunity?
New Delhi, April 20 : “We cant let this disaster go waste. We have learnt much in the…
Goldman Sachs halves India’s FY21 GDP growth to 1.6%
The report, however, said that a strong sequential recovery in the second half of the fiscal year is expected based on three assumptions.
21-day lockdown to derail India’s economic juggernaut: Report
Media reports on Wednesday claimed the government may announce a financial stimulus worth $20 billion (Rs 1.5 lakh crore) to help revive the economy.
No impact on Indian economy due to COVID-19: Anurag Thakur
With regard to domestic availability of fertilizers, the impact of COVID-19 seems to be negligible at this juncture, the minister said.
Come out from fascination of rating agencies: Rahul to PM
"I am not concerned about what they say but the Prime Minister should come out and do something but the Prime Minister has put his head in the sand and is not willing to accept the problem."
PM clueless about coronavirus, economy: Rahul Gandhi
On the Yes Bank crisis, Gandhi said during the Manmohan Singh regime when the country faced economic slowdown, the informal economy protected people.
Manmohan fears economic despair to expand due to CAA, COVID-19
As part of reforms, the government should put together a detailed and meticulous fiscal stimulus plan to boost consumption demand and revive the economy he opinionated.
Govt seeks parliament nod for additional spending
In November, Sitharaman had taken Parliament's approval for additional spending of Rs 21,246 crore as part of first supplementary demand for grant.
RBI Takes Over Yes Bank Board, Caps Withdrawals At Rs 50,000
New Delhi: The government on Thursday, issued an order of moratorium staying the “commencement or continuance of all…
Congress attacks Centre over economy
He also raised concerns about the manufacturing sector saying it is in the negative. "This section provides jobs, and such performances are dismal.
Wishful thinking to target $5 tn economy by 2025: Manmohan
Pathways can emerge only through solid dialogue and discussions on the challenges of taking the country forward, he added.
Montek Singh’s tips to Kamal Nath
Bhopal, Feb 19 : With the Centre’s growing hostility causing a financial crunch Madhya Pradesh government is looking…
India a $5 trillion economy by 2025 unrealistic: Montek Singh Ahluwalia
He also cautions against "strong centralised governments", a scenario that is now unfolding in India.
Slogan should be kaam karo contrary to Adityanath’s call for ‘Goli Maro: Kapil Sibal Targets govt over economy
New Delhi, Feb 13: Senior Congress leader Kapil Sibal targeted the government for talking about shooting down anti-CAA…
It’s for Sitharaman to put petrol, diesel on GST Council agenda: Amit Mitra
He also asked Sitharaman to bring the matter on the council's agenda if she was interested in bringing petrol and diesel under GST.
Sensex, Nifty in the red on Monday
Mumbai, Feb 10 Indian equity indices opened in the red on Monday with sensex falling over 200 points…
Congress flays PM Modi for ruining economy, spreading fear
The senior Congress leader said the government was suppressing the people's voice and terming the opposition anti-national when it protested against its policies.
Sitharaman to table ‘Vivad se Vishwas’ Bill in Lok Sabha
New Delhi, Feb 5 The Union Finance Minister Nirmala Sitharaman on Wednesday will introduce the Direct Tax Vivad…
Removal of DDT and its financial impact
The companies declaring such dividend will have to now deduct tax at source (TDS) at 10 per cent on the amount distributed as dividend.
Extra borrowing from market can be an option to push growth: CEA
"I think the case for leaning on growth is important, in the balance between fisc and the growth, we need to focus on growth and take the steps that are necessary to enable it."
Eliminate needless govt intervention to spur growth: Survey
New Delhi, Jan 31: Eliminate instances of needless government intervention to enable competitive markets and thereby spur investments…
Modi, Sitharaman have no idea what to do next on economy, says Rahul Gandhi
New Delhi, Jan 29 : Congress leader Rahul Gandhi on Wednesday made a scathing attack on Prime Minister…
Nothing in data that say we couldn’t be in recession: Abhijit Banerjee
Kolkata, Jan 27: Nobel laureate Abhijit Vinayak Banerjee on Monday said that while there is nothing in the…
More trouble for economy, direct tax collection in negative zone
New Delhi, Jan 21 : The bad run for the Indian economy continues with the latest victim being…
Govt put economy in ‘cold storage’: Priyanka Gandhi
New Delhi, Jan 9 Congress General Secretary Priyanka Gandhi Vadra on Thursday hit out at the Modi government…
Post 5% GDP growth estimate, India Inc seeks fiscal stimulus
On Tuesday, the Central Statistics Office (CSO) pegged the 2019-20 growth at an 11 year low of 5 per cent.
Stop talking about Pakistan, CAA and Congress: Kapil Sibal’s advice to PM Modi
New Delhi, Dec 23: After the JMM-Congress-RJD alliance won a total of 47 seats in 81 Jharkhand assembly,…
Fitch cuts India GDP growth forecast to 4.6% in FY20
It said its rating for India incorporates the expectation of moderate slippage in the fiscal deficit target of 3.3 per cent of GDP in FY2019-20.
‘Market upbeat despite weak state of economy’
Mumbai, Dec 19 (IANS) While former Chief Economic Advisor Arvind Subramanian has recently described the Indian economy as…
Economy trapped in Four Balance Sheet problem: Ex-CEA
New Delhi, Dec 18 : Citing reasons for the “severe illness in the economy”, former Chief Economic Advisor…
Sensex up 129 pts, Yes Bank tanks 7%
Mumbai, Dec 11 Sensex advanced 129 points during the early trade on Wednesday while the Nifty traded slightly…
Equity flows slip 78 pc in November
New Delhi, Dec 10 : Net inflows into equity mutual funds dipped sharply to multi-year lows in November…
Starting point to address slowdown would be to acknowledge it: Raghuram Rajan
The former RBI governor urged India to join free trade agreements judiciously in order to boost competition and improve domestic efficiency.
Indian economy in ‘state of doom and gloom’: Mamata
Kolkata, Dec 5 : With the GDP projections revised downwards, West Bengal Chief Minister Mamata Banerjee on Thursday…
RBI booster dose likely to spur India Inc’s animal spirits
Mumbai, Dec 3 : The Reserve Bank of India (RBI) is expected to administer another booster dose of…
Kiran Mazumdar funds anti-Modi propagandist IPSMF: Malviya
Shaw reacted angrily to the comment by Malviya and denied that her company funds IPSMF.
Sitharaman, Amit Shah should wake up to address state of Indian Economy: Kapil Sibal
New Delhi, Nov 30: Senior Congress leader Kapil Sibal on Saturday slammed Finance Minister Nirmala Sitharaman and the…
India has rarely seen GDP growth below 5% since ’91: Garg
Growth figure of less than 5 per cent for an emerging market economy like India is "more like recession than a slowdown".
Reveal extent of ill-gotten wealth of Indians: Pranab
New Delhi, Nov 26 : A forceful plea for revealing the extent of ill-gotten wealth, held by Indians…
Slowdown dents October Mergers and Acquisitions deal activity: Report
The report disclosed that while domestic deal segment saw a downtrend in terms of both volumes and value, the cross-border deals value almost doubled.
‘We have been urging govt to control economic slowdown’
New Delhi, Nov 21 : Congress General Secretary Priyanka Gandhi Vadra on Thursday hit out at the central…
Software is eating trade, digital platforms replacing agreements
India has been trying to bring E-commerce under the WTO rules. It also needs to clearly establish guidelines for its usage under the FTAs with ASEAN or any other country.
Centre trying to hide economic slump by data manipulation: Congress
Former Union Minister Ajay Maken, Chairman of Campaign Committee Kirti Azad and AICC Secretary Kuljeet Singh Nagra were also the part of the rally held here.
‘Modi has given up on economy, roped in former PM for help’
Panaji, Nov 14 : Lashing out at Prime Minister Narendra Modi, Goa Congress president Girish Chodankar on Thursday…
Rupee tumbles 63 paise, falls to Rs 72 per dollar
Mumbai, Nov 13 : The domestic currency ended sharply lower on Wednesday over weak macro numbers and soft…
Report says 2QFY20 GDP growth may slip to 4.7%
Mumbai, Nov 12 : Even as the government continues to stress that economic slowdown is cyclical in nature…
Deep in the red: India’s Sep industrial output shrinks 4.3%
"The cumulative growth for the period April-September 2019 over the corresponding period of the previous year stands at 1.3 per cent."
October equity MFs inflow at 5-month low of Rs 6,015 cr
New Delhi, Nov 10 : Although there has been a rally in the stock markets off late, the…
3 years of DeMo: Congress, Trinamool call it ‘disaster’
New Delhi, Nov 8 : On the third anniversary of demonetisation on Friday, the Congress and the All…
Three years of demonetisation; Yashwant Sinha takes a jibe at PM Modi’s surgical strike on Indian economy
Delhi, Nov 8 : Former Finance Minister and senior BJP leader Yashwant Sinha, apparently taking a jibe at…
Moody’s downgrades India’s key financial institutions
The close links between the four companies and the government is the key reason why Moody's has changed the outlooks for these companies to negative from stable, after doing the same for the sovereign rating.
Economic slowdown biggest negative impact of DeMon: Survey
It has been three years since the Rs 500 and 1,000 notes were demonetised to curb the use of black money and fresh Rs 500 and 2,000 notes were released.
Moody’s cuts India outlook to ‘negative’, Govt says macro stats strong
New Delhi, Nov 8 : Global rating agency Moody’s Investors Service on Friday cut India’s outlook from ‘stable’…
Subhash Chandra Garg Reform Action Plan-II: Steps needed to improve investment rates
New Delhi, Nov 7 : Former Finance Secretary Subhash Chandra Garg, who demitted office last month, has said…
There Are Very Strong Concerns About The Indian Economy: Joseph Stiglitz
India and U.S. have taken measures to detain illegal migrants. Amit Shah in India, has talked about NRC while the U.S. is planning to take DNA samples from asylum seekers and other migrants. What is the fallout of such measures?
Make in India has become buy from China: Rahul Gandhi
"Each year we import Rs. 6,000/ worth of goods from China for every Indian! A 100% increase since 2014. #RCEP will flood India with cheap goods, resulting in millions of job losses & crippling the (Indian) economy,"
Sonia, Rahul to address rally after 10-day protest
State party leaders, general secretaries and states in-charge would participate in these programmes at district and block levels, he said.
India’s manufacturing PMI slips to 2-year low in October
Challenging market conditions coupled with delayed client payment, dampened business confidence in October.
GST collection drops 5.29% to Rs 95,380 cr in Oct, more worries for govt
The monthly GST collection has fallen despite October being festive season and government announcing a slew of measures to boost the economy.
Major setback to economy under Modi: Core sector output falls to -5.2%, worst in 14 years
New Delhi, Nov 1: As PM Narendra Modi is keen on patting his back for the achievements of…
Sensex opens above 40,000, April-Sep fiscal deficit at 92.6% of budgetary target
Mumbai, Nov 1 Sensex opened above the 40,000 marks with marginal gain on Friday. India’s budgetary fiscal deficit…
Dismal performance of tax revenue worrying trend
Net tax revenue has to grow 42 per cent to achieve the FY20 Budget target of Rs 16.5 trillion, which appears to be a daunting task.
Markets open on positive note
Mumbai, Oct 31 The 30-scrip Sensitive Index (Sensex) on Thursday opened on a positive note. The Sensex of…
We need PMC “Prime Minister’s commitment” to resolve the PMC crisis: Kapil Sibal
Delhi: Senior Congress leader and Rajya Sabha MP Kapil Sibal’s Press briefing. HIGHLIGHTS Nobody pays heed to the…
Home sales decline 25% in July-September: Report
New Delhi, Oct 17 : Housing sales across major cities declined 25 per cent during the July-September quarter…
Slowdown, government apathy affecting economy: Manmohan
Manmohan urged for setting up labour-intensive industries, among other measures, to tackle the economic crises.
Commercial credit growth slowed in Apr-June quarter: Report
The non-performing assets (NPAs) surged to 16.1 per cent in this period suggesting bank profits remain under pressure.
Slowing economy: India’s exports dip third time this year
New Delhi, Oct 15 : India’s merchandise exports in September declined for the third time in the current…
Bangladesh, Nepal ahead of India as growth in South Asia slows down: World Bank
India has been relatively hit hard by the recent global slowdown resulting in its projected growth dropping to…
IMF cuts India’s FY20 growth forecast to 6%
New Delhi, Oct 15 : The outlook for the Indian economy for the current fiscal seems to get…
Retail inflation rises to 3.99 per cent in September
Retail inflation spiked to 3.99 per cent in September mainly due to higher prices of food items, government…
Nirmala Sitharaman’s husband hits out at Centre over slowdown, says govt in denial
Economist Parakala Prabhakar, Finance Minister Nirmala Sitharaman's husband, has slammed the Centre over economic slowdown while advising the BJP government to embrace the Rao-Manmohan Singh model.
Economy was strong under Manmohan Singh: Rahul
Mumbai, Oct 13 : Slamming the Bharatiya Janata Party (BJP) government for all-round failure on the economic front,…
Union leaders are making fun of poor: Kapil Sibal on Ravi Shankar Prasad’s statement on Indian economy
If the union leaders make statement like this then I understand that they don't consider the seriousness of current economic situation.
Credit growth rate of banks slows down
Mumbai, Oct 12 Indian banks credit growth rate, for the first time this fiscal, slowed to single digit…
Private consumption slows, Indian economy seen ‘fraught with risks’
New Delhi, Oct 12 The Indian economy, which has been witnessing slowdown over last few quarters, is likely…
Govt will miss fiscal deficit target of 3.3%: Bibek Debroy
Debroy said that he believed the overall growth in this financial year would be "around 6 per cent". As he put it, it could be a fraction higher or a fraction lower than 6 per cent.
India vs China: Miles to cover for Indian economy
India now has set a target of reaching the $5 trillion by end of the financial year 2024-25.
India most affected by Global Economic Slowdown: IMF Chief
Washington, Oct 9 : International Monetary Fund (IMF) Managing Director, Kristalina Georgieva said that effect of “synchronized slowdown”…
Slowdown makes Bosch shut production for 10 days
The 68-year-old German subsidiary which was earlier known as Mico Industries, has 18 manufacturing sites and seven development and applications centres across India.
Suppressing criticism can lead to bad policies: Raghuram Rajan
New Delhi, Oct 1: Former Reserve Bank of India governor Raghuram Rajan has written an article published on…
India’s Q1 current account deficit narrows to $14.3 bn
Mumbai, Sep 30 : Lower crude oil prices, along with higher earnings from invisible trade such as services,…
India’s debt up 4% in first quarter of FY20: Congress
The government chose to give money to corporates, thinking they would invest. "But when there is no demand, who will invest?
No liquidity crisis, demand to pick up: Nirmala Sitharaman
Addressing the media after the meeting, Sitharaman evinced hope that demand would return in most of the sectors.
Govt messed up macro-economy, should have axed IT: Subramanian Swamy
The situation has not improved as demand has not picked up, he said: "Because Finance Ministers in our BJP government don't know any economics. That's the problem."
Corporate tax cut to help top 1,000 firms save Rs 37K cr: Crisil
New Delhi, Sep 22 : Around 1,000 companies would save nearly Rs 37,000 crore due to recent corporate…
‘Howdy Houston!’ says PM as he arrives to packed itinerary
Members of the Indian diaspora waved Indian flags to greet the PM on his arrival.
Hats off to Sitharaman for tax cut: Mazumdar-Shaw
Bengaluru, Sep 20 : Biocon chairperson Kiran Mazumdar-Shaw on Friday complimented Finance Minister Nirmala Sitharaman for the corporate…
After tax cuts, GST Council reduces rates on various items
The key sectors which would benefit from GST rate cuts are hotels, gems & jewellery, defence and automobiles.
Nil GST rate on hotel room rent upto Rs 1k
GST council meeting Live updates: All eyes are on GST council's meeting in Goa after the government announced slashing corporate taxes.
Corporate Tax Rate Cut From 30% To 25.2% To Spur Growth
New Delhi, Sep 20: Finance Minister Nirmala Sitharaman announced reduction of corporate tax on domestic firms in a…
Risk weight cut on consumer loan is credit negative: Moody’s
"The reduction is credit negative as it will encourage banks to increase their exposure to this loan segment at a time when credit risks are already increasing from a slowing economy," it said.
Sponsored events abroad don’t bring investors: Priyanka attacks Modi Govt
New Delhi, Sep 18 Slamming Prime Minister Narendra Modi for managing headlines, Congress General Secretary Priyanka Gandhi Vadra…
Markets open in green
Mumbai, Sep 18 The 30-scrip Sensitive Index (Sensex) on Wednesday opened on a positive note. The Sensex of…
No”56″ can stop you: Karti Chidambaram wishes his father on his birthday
New Delhi, Sep 16 Karti Chidambaram penned a poignant letter to wish his father and former finance minister…
Weird statements of Nirmala, Piyush will not lead to betterment of economy: Yashwant Sinha
Indore, Sep 15 : Former BJP leader Yashwant Sinha termed the Finance Minister Nirmala Sitharaman’s reasoning behind decline…
Nirmala clueless about how to lift economy, applying cosmetic measures: Congress
New Delhi, Sep 14 The Congress on Saturday hit back at the Modi government after Finance Minister Nirmala…
August merchandise exports down 6.05%, imports fall over 13%
New Delhi, Sep 13 : Sluggish global demand pulled India’s merchandise exports lower by 6.05 per cent in…
Don’t blame gravity for dropping the catch: Priyanka to govt
This is not the first time that Priyanka Gandhi, also Congress in-charge for eastern UP, has attacked the government on the economic slowdown. On Tuesday, she slammed the government over the dip in commercial vehicles' sales.
Don’t Want To Watch rest of Film: Kapil Sibal On PM Modi’s comment
New Delhi, Sep 13: Responding to Narendra Modi’s trailer comment , Congress MP Kapil Sibal heavily criticised the…
Centre’s flawed policies have caused slowdown: Manmohan
"Manmohan Singh told party leaders that when the economic recession had hit the global economy, our government was able to revive the economy, while the current government's flawed policies on the economy is the reason for the slowdown."
Need concrete plan to fix economy not Sitharaman’s “foolish theories” : Rahul Gandhi attacks Modi govt
New Delhi, Sep 12 Dubbing Finance Minister Nirmala Sitharaman’s excuse that millennials were the reason for the slowdown…
Why BJP govt is so confused over economy: Priyanka Gandhi
New Delhi, Sep 12 : Congress General Secretary Priyanka Gandhi Vadra on Thursday took a swipe at Union…
Sensex up 97 points, Nifty above 11,000
Mumbai, Sep 12 Sensex was up nearly 100 points during the early trade on Thursday led by buying…
Markets open on positive note
Mumbai, Sep 11 The 30-scrip Sensitive Index (Sensex) on Wednesday opened on a positive note. The Sensex of…
Auto, manufacturing firms shed one-third share value in a year
Latest data shows that automobile sales for the month of August hit the lowest since 1997-98.
Slowdown plunges August auto sales to lowest since 1997-98
Overall, passenger vehicle sales declined by 31.57 per cent in August to 196,524 units against 287,198 units in the corresponding month a year ago.
Don’t want any officials arrested: Chidambaram in jail
"No officer has done anything wrong. I do not want anyone to be arrested," Chidambaram said.
Sensex down 175 points after opening flat
Mumbai, Sep 9 The Sensex on Monday fell by 175 points during the early trade after it opened…
Zomato lays off 541 staffers, says blame it on automation
New Delhi, Sep 7 Food delivery platform Zomato on Saturday said that it has laid off 541 people…
Why Modi silent after having ruined the economy : Priyanka Gandhi
New Delhi, Sep 8: Congress General Secretary Priyanka Gandhi on Sunday said the Narendra Modi government remains silent…
100 days of Modi’s 2nd term : Kapil Sibal questions PM on economic crisis
New Delhi, Sep 8 : On the completion of 100 days of the Narendra Modi government’s second tenure,…
Indian Economy is in deep crisis
India is witnessing overall economic slowdown but the Modi government remains in denial and this is for the…
Congress attacks Modi over ‘LoC’ for Russia
New Delhi, Sep 5 The Congress on Thursday hit out at Prime Minister Narendra Modi over his decision…
Sensex ends a shade lower, auto stocks gain
Mumbai, Sep 5 (IANS) Although the severely beaten down auto stocks edged higher on Thursday over expectations of…
Modi Govt’s silence on economic slowdown very dangerous: Priyanka Gandhi
New Delhi, Sep 5 Congress General Secretary Priyanka Gandhi on Thursday described the Narendra Modi government’s silence on…
Equity indices edge down, Sensex drops 60 points at 36,517
Mumbai, Sep 4 : The Sensex and the Nifty slipped into the red after opening Wednesday’s session little…
Chidambaram mocks govt on 5% GDP growth
Surrounded by the security personnel, Chidambaram stopped and said, "5 per cent. You all know what is 5 per cent", and walked away.
Sensex Plunges Over 400 Points, Nifty Slips Below 10,900
Mumbai, Sep 3 (IANS) Investor panic over the country’s lower than expected GDP growth figure of 5 per…
India’s July industrial output growth slows to 2.1% YoY
April-July of FY20 was 3 per cent compared with 5.9 per cent reported for the same period of the last financial year.
GST collection up 4.51% in August at Rs 98,202 crore
New Delhi, Sep 1 The gross goods and services tax (GST) collection in August, 2019 stood at Rs…
Priyanka Gandhi slams Modi government over GDP, jobs; says economy punctured
New Delhi, Aug 31 Congress General Secretary Priyanka Gandhi has slammed the Narendra Modi-led BJP government, saying that…
Q1 GDP growth at 5% falls to lowest in 6 years
On a sequential basis, the growth rate came lower than the 5.8 per cent in Q4 of 2018-19.
FM announces slew of governance reforms for PSBs
New Delhi, Aug 30 (IANS) After announcing four big-ticket mergers of state-run banks on Friday, Finance Minister Nirmala…
Will announce more measures to boost economy in coming weeks: Sitharaman
The government has recognised that consumption needs a boost, says Nirmala Sitharaman.
Several uncertainities in near-term economic outlook for India: RBI report
But the RBI noted that there are still structural issues in land, labour and agricultural marketing and they…
Sensex down 150 points led by financial stocks
Mumbai, Aug 29 Sensex fell over 150 points during the early trade led by selling in financial stocks.…
Pranab reminds the media of its role, duties
"Media is the mediator between the public and the public servants. It has the power to ensure social justice and equality. It also ensures that the power is not misused,"
RBI employees for consensus on Jalan panel report
The study has suggested, said the union, compared with other central banks (taking into account the value at risk) the core capital of the RBI is not sufficient.
PM to Indians in Bahrain: will achieve $5 trillion economy goal
Manama, Aug 24: Prime MInister Narendra Modi on Saturday appealed to the Indian community in Bahrain to motivate…
Big relief for markets as controversial FPI levy rolled back
New Delhi, Aug 23 (IANS) Finance Minister Nirmala Sitharaman on Friday announced the roll back of the controvertial…
Finance Minister outlines plan to curb ‘tax terrorism’
On violation of corporate social responsibility norms, the Minister said that such violations would not be treated as criminal offences.
Economy in ICU; Government clamping down on those defending civil liberties: Kapil Sibal
NEW DELHI: Senior Congress leader and Rajya Sabha MP Kapil Sibal on Friday took a swipe at the…
Economy doesn’t need fiscal stimulus to tackle slowdown: CEA
"We can't expect the government to intervene every time some sectors go through sunset. Not all sectors are doing bad, some are doing well," the CEA said.
India’s growth may slow down further to 5.7% in Q1: Nomura
"The Indian economy is likely to slow down further to 5.7 per cent in April-June from a five-year low of 5.8 per cent in January-March," Nomura analysts Sonal Varma and Aurodeep Nandi said in their client note.
Money creation to pick up pace
The focus of monetary policy is now conclusively on ensuring better transmission. Towards this, for the first time…
Chidambaram being hunted for exposing government: Priyanka
New Delhi, Aug 21 : Congress General Secretary Priyanka Gandhi Vadra on Wednesday came out in support of…
Sensex, Nifty flat, Yes Bank down 3%
Mumbai, Aug 21 (IANS) The Sensex and Nifty on Wednesday traded on a flat note awaiting a stimulus…
Sensex slips by 100 points, Nifty holds 11,000
Mumbai, Aug 20 The Sensex and Nifty fell after initial gains on Tuesday awaiting a stimulus package from…
Sensex up 73 pts, Nifty above 11,000
Mumbai, Aug 19 The Sensex on Monday opened slightly higher over gains by finance and banking stocks.Meanwhile, foreign…
Demand slowdown ‘overblown’, buyers moving online: Centrum
"Despite weak consumer sentiment, aggregate revenue grew a healthy 9.0 per cent YoY (year-on-year) post a high base in Q1 (first quarter) FY19. We believe the demand deceleration story is overblown," it said.
Sensex ends in green amid weak global cues
Mumbai, Aug 16 (IANS) Buzz of a possible stimulus package by the Union government aided the Sensex and…
Sensex tanks 623 pts despite RIL’s 10% surge
Mumbai, Aug 13 (IANS) Indian markets on Tuesday sharply declined in line with sell-off in global markets after…
Auto component sector stares at 10 lakh jobs loss
Chennai, Aug 11 : Even as the Indian auto component industry is managing the downturn without major job…
Rahul Gandhi hits out at Centre on economy ‘slowdown’
"The BJP Government can't build anything. It can only destroy what was built over decades with passion and hard work,"
How DKS-VGS friendship cost Siddhartha his life
Bangalore, Aug 1 (IANS) The V.G. Siddhartha (VGS) suicide has cast a pall of gloom over Indian business…
‘Tax terrorism’ severely hurting India’s economic growth
As support poured in for Siddhartha, fugitive businessman Vijay Mallya too pitched in with his words of condolence as he correlated the CCD chief's situation with his own.
Tata Motors’ loss in June quarter doubles to Rs 3,679.66 cr
Mumbai, July 25 (IANS) India’s ongoing economic slowdown has claimed jobs, profits and caused investors to run scared…
Acharya warns about risk of high borrowings from debt market
Bengaluru, July 23 (IANS) An increase in government borrowing can risk flooding the debt market while making it…
Low climate finance from developed nations: Economic Survey
The Paris Agreement also emphasises the role of climate finance in strengthening the global response to climate change.
Economic Survey Shows Govt Pessimistic About Economy, says Chidambaram
July 4: Former finance minister P Chidambaram said there are no sector-wise growth projections in the pre-Budget Economic…
Modi attacks Congress, seeks opposition’s support
New Delhi, June 26 (IANS) Prime Minister Narendra Modi on Wednesday again launched a blistering attack on the…
Credit crunch hits common investors: Congress
New Delhi, June 24 (IANS) Ahead of the Union Budget on July 5, the Congress here on Monday…
‘Five major risks will haunt the Indian economy’ – Book Review
New Delhi, June 21 (IANS) India is a nation with a huge demand but one that lacks high…
RBI’s MPC found clear signs of economy losing traction
"Overall, there is clear evidence of economic activity losing traction, with the GDP growth in Q4 (fourth quarter) 2018-19 slowing down to 5.8 per cent,"
Making India 5-trillion-dollar economy challenging but can be achieved: Modi
New Delhi, June 15 (IANS) Prime Minister Narendra Modi said on Saturday that the goal to make India…
Government rebuts ex-CEA’s contention on GDP; says right methodology followed
New Delhi, June 11 (IANS) The government on Tuesday rebutted former Chief Economic Adviser Arvind Subramanian’s contentions regarding…
Post-polls, unemployment rate officially stays 45-year high
Mumbai, May 31 (IANS) At a convenient time when the BJP-led NDA government has retained power, the Statistics…
India’s forex reserve declines by over $2 billion
Mumbai, May 24 (IANS) India’s foreign exchange reserves declined by $2.057 billion during the week ended May 17,…
Modi government dismantled India’s economy: Congress
New Delhi, May 18 (IANS) The Congress on Friday said that the Modi government will be shown the…
Virulent abuses become the staple of election speeches
New Delhi, May 15 (IANS) Prime Minister Narendra Modi’s re-election bid was likely to have hinged on subjects…
Economy in disastrous phase of slowdown : Congress
New Delhi, May 8 The Congress on Wednesday said Indian economy has entered a “disastrous” phase of economic…
Congress Releases Poll Manifesto For 2019 Elections: Highlights
Rahul Gandhi has been making a slew of promises that include Rs. 72,000 each year under his party's 'Nyay' scheme to five crore poorest families, single slab Goods and Services Tax (GST) and filling 22 lakh government vacancies, among others.
January IIP, February retail inflation plunge sharply
New Delhi, March 12 : Lower food prices eased India’s February 2019 retail inflation to 2.57 per cent,…
Jobless growth turning into job-loss growth: Manmohan Singh
New Delhi, Feb 17 (IANS) Pointing to domestic challenges like agrarian crisis, declining employment opportunities and prevalence of…
Government to borrow additional Rs 36,000 cr in FY19
The Ministry said the government, in consultation with the Reserve Bank of India (RBI), will continue to have the flexibility to bring about modifications in the calendar in terms of notified amount, issuance period, maturities and others.
BJP’s claim bogus, UPA-1 growth rate best ever: P Chidambaram
New Delhi, Jan 19: Former Finance Minister P. Chidambaram on Saturday targetted the Narendra Modi government for claiming…
Fiscal slippage remains a risk for rate cut: Report
New Delhi, Jan 17 While concerns of liquidity, coupled with declining inflation, may have prompted the industry to…
India to retain status as fastest growing economy in 2019-20: World Bank
United Nations, Jan 9 : Fuelled by policy reforms and rebound in credit, India’s economy is forecast to…
India’s forex reserves down by over $613 mn
FCAs, the largest component of the forex reserves, edged lower by $631.6 million to $367.86 billion during the week ended December 14.
Challenges in NBFI sector to weigh on India’s growth prospects: Moody’s
"In addition, any further distress in the Indian NBFI sector will pose significant downside risks to India's growth outlook."
November retail inflation falls to 2.3%, October IIP up over 8%
Similarly, the output of consumer non-durables rose during October by 7.9 per cent, and that of consumer durables by 17.6 per cent.
Patel’s resignation severe blow to economy: Manmohan Singh
Earlier in the day, Reserve Bank of India (RBI) Governor Patel announcing his resignation from the apex bank with immediate effect citing personal reasons.
Demonetisation threw up political, economic puzzles: Arvind Subramanian
"Through my new book, I am drawing attention to the puzzle, the big puzzle of 86 per cent reduction in cash after demonetisation, and yet the impact on the economy was much less," he said.
Fitch Ratings lowers India’s FY19 growth forecast to 7.2%
Mumbai, Dec 6 : Global ratings agency Fitch Ratings on Thursday lowered India’s growth forecasts to 7.2 per…
P Chidambaram Slams Government For Its ‘heavy-handed’ Approach Towards NPA
Chidambaram, says due to government's "heavy-handed" approach towards non-performing assets, banks have no money to lend.
Tweaking data as in an Orwellian world
The British magazine, The Economist, once wrote about the Chinese growth figures being stir-fried. Is India emulating China…
India’s Forex reserves down $795 million
Mumbai, Nov 30 (IANS) India’s foreign exchange (forex) reserves declined by $795 million during the week ended November…
RBI to pump liquidity worth Rs 8,000 cr on Nov 22
Mumbai, Nov 19 : The Reserve Bank of India (RBI) would inject Rs 8,000 crore into the market…
India’s higher education system needs drastic changes to address tech-induced challenges
Further, India's GER for the male population is 26.3 per cent and 25.4 per cent for females. The GER also varies across different social groups -- 21.8 per cent for the Scheduled Castes and 15.9 per cent for the Scheduled Tribes.
Equity indices erase gains ahead of key data release; crude prices rebound
New Delhi, Nov 12 : The key Indian equity indices pared their initial gains to trade marginally lower…
People of the country must know about catastrophic impact of Modi govt seeking Rs 3.6 lakh crore from RBI: Chidambaram
The government may force to pass a resolution at the RBI board meeting to transfer a large sum of money from the reserves. Two scenarios can emerge if such a situation happens. Either the RBI gives in or the Governor resigns. Both the situations will be a disaster and will have catastrophic impact on the country's economy," Chidambaram warned.